Accenture Reports Very Strong Fourth-Quarter and Full-Year Fiscal 2015 Results
-- Fourth-quarter revenues increase 1% in U.S. dollars and 12% in local currency, to $7.9 billion;
quarterly EPS increase 6%, to $1.15; free cash flow is $1.4 billion --
-- For full fiscal year, revenues increase 3% in U.S. dollars and 11% in local currency, to
$31.0 billion; EPS are $4.76, including a $0.06 non-cash pension settlement charge; excluding
the charge, EPS increase 7%, to $4.82; free cash flow is $3.7 billion --
-- New bookings are $8.8 billion for fourth quarter and $34.4 billion for full year --
-- Company increases semi-annual cash dividend 8%, to $1.10 per share; Board of Directors
approves $5 billion of additional share repurchase authority --
-- For fiscal year 2016, Accenture expects net revenue growth of 5% to 8% in local currency and
EPS of $5.09 to $5.24 --
NEW YORK; Sept. 24, 2015 — Accenture (NYSE: ACN) reported financial results for the fourth quarter and full fiscal year ended Aug. 31, 2015.
For the fourth quarter, net revenues were $7.9 billion, an increase of 1 percent in U.S. dollars and 12 percent in local currency compared with the fourth quarter of fiscal 2014. Diluted earnings per share were $1.15. Operating margin was 13.9 percent. Operating cash flow was $1.5 billion and free cash flow was $1.4 billion. New bookings were $8.8 billion.
For the full fiscal year, net revenues were $31.0 billion, an increase of 3 percent in U.S. dollars and 11 percent in local currency compared with fiscal 2014. Diluted earnings per share were $4.76, including a non-cash pension settlement charge in the third quarter of $64 million, pre-tax, or $0.06 per share; excluding this charge, diluted earnings per share for fiscal 2015 were $4.82. Operating margin was 14.3 percent, including the pension settlement charge; excluding the charge, operating margin for the year was 14.5 percent, an expansion of 20 basis points. Operating cash flow was $4.1 billion and free cash flow was $3.7 billion. New bookings were $34.4 billion.
In addition, Accenture’s Board of Directors has declared a semi-annual cash dividend of $1.10 per share, an increase of $0.08 per share, or 8 percent, over its previous semi-annual dividend, declared in March. The Board also approved $5 billion in additional share repurchase authority.
Pierre Nanterme, Accenture’s chairman and CEO, said, “We delivered excellent financial results for the fourth quarter and the full fiscal year 2015. I am particularly pleased with our double-digit revenue growth in local currency for both the quarter and the year, which was broad-based across our business. For the full fiscal year, we gained substantial market share, delivered strong new bookings, earnings per share and free cash flow, and returned $3.8 billion in cash to our shareholders.
The following information was filed by Accenture Holdings Plc (AHP) on Thursday, September 24, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.